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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (4094)12/21/2008 8:20:24 AM
From: rrufff2 Recommendations  Read Replies (1) | Respond to of 5034
 
Perhaps the next step would be for the government to check out which hedge funds participated. It is known that many hedge fund managers were at the pay site and some even posted open and notoriously here on SI

In addition, Elgindy himself traded on the misappropriated
information, sometimes even in advance of when he released it tothe AP members or when he directed them to trade on its basis (a practice called “front running”). Elgindy and Royer also manipulated prices in the relevant securities by orchestrating trades by AP site subscribers in thinly traded stocks.